Prince William, Duke of Cambridge and Catherine, Duchess of Cambridge, Kate Middleton

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Prince William and Kate Middleton's royal baby the Prince of Cambridge may only be just a few hours old, but the tiny tyke is already living a life that commoners can only dream of.

Here now are some of the benefits that come with simply being born into royalty.

Just to name a few, of course.

Kensington Palace, Prince William, Kate Middleton

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Palace Sweet Palace: Kate Middleton and her little bundle of royal joy (whose name has yet to be revealed) are expected to live with the new mom's parents for at least the next six weeks. This will be particularly helpful to the Duchess of Cambridge once dad Prince William returns to his chopper search-and-rescue duties at RAF Valley following his paternity leave. However, William, Kate and their newly minted heir will eventually move into their newly refurbished apartment (aka the former residence of Princess Margaret) in Kensington Palace, possibly as early as August.

Of course, the third in line will also have a country retreat at his disposal in the form of Anmer Hall, a 10-bedroom mansion that is currently undergoing some renovations. Not to mention, the door is always open for the kid at Buckingham Palace, Clarence House, St. James's Palace and Windsor Castle. Not too shabby.

A Room Fit for a Royal: The prince is surely napping in the lap of luxury right about now. Prior to her son's arrival, Kate visited a number of posh baby boutiques in search of tasteful baby items for the nursery. Among her purchases? A sweet Moses basket, which retails for $450, as well as Bugaboo's Cameleon3 special-edition stroller in jewel blue, accented with black-and-white stripes. The stroller is a favorite among celebs like Sienna Miller and Kate Hudson. What's more, the duchess was spotted last month shopping for nursery decor at high-end fabric and wallpaper-design store Bernard Thorp & Co. on Chelsea Manor Street in London.

Pampered Pupil: Sure, Will and Kate's son may have just been born, but it's never too early to start thinking about school, right? After all, they grow up so fast. But rather than get too far ahead of ourselves, let's simply focus on the near future. Namely, kindergarten. Right now, the odds-on favorite seems to be Acorn Nursery in Notting Hill. It is considered by far one of Britain's most exclusive kindergartens. "Put it like this," a parent of a former student told U.K.'s The Telegraph. "Whereas at most nurseries, 'show and tell' involves children bringing in their hamster, at Acorn they bring in Daddy's Oscar."

Prince William, Kate Middleton, Mustique

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Little Jet-Setter: If his parents' traveling past is any indication, the little guy will surely be sipping virgin Pina Coladas out of his bottle before you know it. The couple has been known to vacation in tropical locales like Mustique, where they reportedly stayed in a posh £19,000-per-week villa (roughly $30,000 per week). Don't forget to pack the sunscreen!

Queen Elizabeth ll, Prince William, Duke of Cambridge and Catherine, Duchess of Cambridge


Tot With a Title: Thanks to a recent decree by his great-grandmother, Queen Elizabeth II, The third in line's title is Prince of Cambridge (the first in 190 years, in fact) and he shall be referred to as His Royal Highness. The legal decision—called a Letters Patent—overturns a 1917 decree issued by the queen's grandfather, King George V, that the Prince of Wales' eldest son would be a prince but a firstborn daughter (or any daughter) wouldn't be a princess. What's more, the rules of succession have changed. Now the first-born child, rather than the first-born son, succeeds to the throne. Is it too early to order up a crown?

Prince Harry, Pippa Middleton

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Relatives That Rock: Let's see. His Royal Highness has Prince Harry for an uncle and Mom's sister, Pippa Middleton, for an aunt. Seriously. How cool would it be to have either one of them as a babysitter?

Yep. It's good to be the (future) king!

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